Kintetsu Nagoya Line railway market report

Kintetsu Nagoya Line Apartment market overview

The average price of Kintetsu Nagoya Line (Kinntetsunagashima to Isenakagawa) Apartment, in Jul, 2016 to Sep, 2016 was 163,464 JPY/sq.m. The market value represents a decrease of 57,680 JPY (-26.1%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 8 (-24.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.9 years old (a +36.5% increase compared to the 16.1 years old of last year.). The average size of the real estate was 71.8 sq.m (a -5.2% decrease compared to the 75.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Kuwana station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsushinnmachi station, where prices have increased +111.0% compared to last year; a sq.m unit now costs 171,429 JPY/sq.m.

The top 2 stations has seen prices increase +66.6% (+65,609 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -45.9% (-99,231 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.2% of total transactions in 2015 and 20.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.1 years old in 2015 and 21.9 years old in 2016; +36.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 37.5% of total transactions in 2015 and 58.3% of total transactions in 2016)

Apartment stations market overview

The average price of Tsu Apartment, the highest market value along this railway was 286,090 JPY/sq.m. The market value represents a decrease of 6,888 JPY (-2.4%) compared to 1 year ago and a transition to a slight market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Shiroko Apartment, the lowest market value along this railway was 102,500 JPY/sq.m. The market value represents a decrease of 70,120 JPY (-40.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Kintetsu Nagoya Line (Stations Apartment market overview)
Kintetsu Nagoya LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kinntetsunagashima-168,421 JPYsq.m
(15.51232876712328895.0sq.m)
-
Kuwana225,000 JPYsq.m
(16.01506849315068687.5sq.m)
183,961 JPYsq.m
(21.26712328767123267.5sq.m)
180,103 JPYsq.m
(19.11616438356164275.0sq.m)
Masuo250,000 JPYsq.m
(9.51232876712328880.0sq.m)
--
Iseasahi80,000 JPYsq.m
(24.5205479452054845.0sq.m)
--
Kawagoetomisuhara173,333 JPYsq.m
(20.18630136986301368.3sq.m)
--
Kinntetsutomida185,714 JPYsq.m
(26.52328767123287570.0sq.m)
-105,000 JPYsq.m
(24.5205479452054880.0sq.m)
Kasumigaura---
Akuragawa-92,308 JPYsq.m
(25.5205479452054865.0sq.m)
-
Kawaramachi129,333 JPYsq.m
(28.52328767123287575.0sq.m)
209,468 JPYsq.m
(20.8493150684931576.7sq.m)
-
Kinntetsuyokkaichi122,453 JPYsq.m
(30.12547945205479466.7sq.m)
250,795 JPYsq.m
(15.17929984779299967.8sq.m)
84,706 JPYsq.m
(25.5205479452054885.0sq.m)
Shinnshou---
Nagonoura---
Mida---
Isewakamatsu---
Chiyozaki---
Shiroko102,500 JPYsq.m
(22.8538812785388166.7sq.m)
172,620 JPYsq.m
(14.51287671232876780.8sq.m)
127,217 JPYsq.m
(19.26643835616438267.5sq.m)
Tsuzumigaura---
Isoyama--21,429 JPYsq.m
(27.52328767123287570.0sq.m)
Tsu286,090 JPYsq.m
(14.51506849315068482.5sq.m)
292,979 JPYsq.m
(9.7095890410958982.0sq.m)
344,286 JPYsq.m
(11.5109589041095960.0sq.m)
Tsushinnmachi171,429 JPYsq.m
(19.31780821917808376.0sq.m)
81,250 JPYsq.m
(25.5205479452054880.0sq.m)
351,786 JPYsq.m
(6.50821917808219275.0sq.m)
Minamigaoka-285,621 JPYsq.m
(12.0109589041095987.5sq.m)
-
Hisai-262,500 JPYsq.m
(18.51506849315068680.0sq.m)
200,000 JPYsq.m
(16.51506849315068655.0sq.m)
Momozono--56,000 JPYsq.m
(25.5205479452054875.0sq.m)
Isenakagawa---

*Average unit prices per sq.m of Apartment at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Tsushinnmachi171,429 JPY/sq.m (+111% compared with the previous year)

The average price of Tsushinnmachi Apartment was 171,429 JPY/sq.m. The market value represents an increase of 90,179 JPY (+111.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.3 years old (a -24.3% decrease compared to the 25.5 years old of last year.). The average size of the real estate was 76.0 sq.m (a -5.0% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 25.5 years old in 2015 and 19.3 years old in 2016; -24.3%)
  • A dramatic decrease in average distance from the station (representing 18.0 min in 2015 and 10.6 min in 2016; -41.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 40.0% of total transactions in 2016)

Kuwana225,000 JPY/sq.m (+22% compared with the previous year)

The average price of Kuwana Apartment was 225,000 JPY/sq.m. The market value represents an increase of 41,039 JPY (+22.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.0 years old (a -24.7% decrease compared to the 21.3 years old of last year.). The average size of the real estate was 87.5 sq.m (a +29.6% increase compared to the 67.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.3 years old in 2015 and 16.0 years old in 2016; -24.7%)
  • An decrease in average distance from the station (representing 10.5 min in 2015 and 8.5 min in 2016; -19.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Kinntetsuyokkaichi122,453 JPY/sq.m (-51% compared with the previous year)

The average price of Kinntetsuyokkaichi Apartment was 122,453 JPY/sq.m. The market value represents a decrease of 128,342 JPY (-51.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 3 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.1 years old (a +98.5% increase compared to the 15.2 years old of last year.). The average size of the real estate was 66.7 sq.m (a -1.6% decrease compared to the 67.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.2 years old in 2015 and 30.1 years old in 2016; +98.5%)
  • An increase in average distance from the station (representing 9.1 min in 2015 and 10.7 min in 2016; +17.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 80.0% of total transactions in 2016)

Shiroko102,500 JPY/sq.m (-41% compared with the previous year)

The average price of Shiroko Apartment was 102,500 JPY/sq.m. The market value represents a decrease of 70,120 JPY (-40.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.9 years old (a +57.5% increase compared to the 14.5 years old of last year.). The average size of the real estate was 66.7 sq.m (a -17.5% decrease compared to the 80.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.5 years old in 2015 and 22.9 years old in 2016; +57.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2015 and 66.7% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)